Metro Home sold: 1072 Kinau, Metro, Honolulu, Hawaii on the island of Oahu

SOLD
MLS: 202403480

Asking Price: $1,450,000 FS - Fee Simple
Sold Price: $1,300,000
Sold Date: 05/24/2024
Type: Multi-Family
District: Metro
Address: 1072 Kinau Street, Honolulu, HI
Neighborhood: Makiki Area
Land Area: 4,370 SF
Parking: Assigned,Covered,Open
Days on Market: 286
Year Built: 1964
Easements: Cable,Electric,Sewer,Telephone,Water
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Regular System
Property Taxes: $395
Assessed Value: $1,350,100,.00
Assessed Ratio: 107.4%
Listing Courtesy: Real Estate Plus, Inc.

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A great investment opportunity in a prime town location! A 2-story, CMU apartment building with (4) units: (1) 3-bedroom, (2) 2-bedroom and (1) 1-bedroom, all occupied with long-time tenants. Tenants are paying below market rents and the proforma monthly & annual rents would be around $5,600 and $67,200 respectively. Five (5) parking stalls: three (3) covered and two (2) open. Four (4) separate meters. Tenant pays electricity. Very conveniently located near bus routes, shopping, bank, restaurants, hospital and more!

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